Catoshi Rush (CATOSHI) and Bordrless (BORDR) compared side by side. Over the past 30 days, CATOSHI is ahead by 34.6 percentage points (CATOSHI -64.9% against BORDR -99.5%). Their daily returns move barely in opposite directions (correlation -0.33 across 27 shared trading days). BORDR has been the more volatile of the two, at 944% annualised against CATOSHI's 268%.
CATOSHIBORDR
-0.33over 27 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | CATOSHI | BORDR |
|---|---|---|
| Max drawdown (400d) | -68.9% | -99.8% |
| Risk-adjusted return (90d) | -0.20 | -0.10 |
Relative strength over 90 days: CATOSHI outperformed BORDR by 661.6% — measured on the CATOSHI/BORDR ratio, so it holds regardless of market direction.